Isn’t that a lovely farm.

Waffletraktor · 12-08-2020 9:47pm

Dunedin wrote: »

But what if the price of milk drops?

Bank managers problem.

GrasstoMilk · 12-08-2020 9:58pm

https://amp.independent.ie/business/farming/farm-property/leinster-farm-sales/liffey-mills-and-dairy-family-pay-11m-for-1090-acre-offaly-farm-39443957.html?__twitter_impression=true

12-08-2020 10:00pm

jaymla627 wrote: »

Whatever about tesla, the value on the stock exchange of companies like beyond meat is bat sh**t crazy, the whole financial system and stock market is a ponzi schemce that should of blew up long ago only for goverments propping it up, when we here pascal waffling on about how cheap it is for Ireland to borrow money and running a 30 billion euro deficiet for 2020 isnt panic stations you know the game is up

I cannot fathom,how/why stocks arent collasping.......at one stage this year 80% of worlds workforce was on lockdown

Very few businesses are making money this year,thats no fault of management etc,stocks should be falling......

deosnt make sense,id hate to have a private pension with it based in stocks though,

awaywithyou · 12-08-2020 10:03pm

Mad_maxx wrote: »

Farm land was in a bigger bubble than housing pre crash and is much further off its 2007 peak

It's usually a solid Conservative buy but like any asset can enter a bubble

I was at a public auction of a farm Around 2007/08 .. farm was nearly 500acres in one block.... sold for 30,000/acre..... and the guy that bought it wasn’t even hesitating when it was his turn to bid.... I’d say it could ve went to 50k/acre and it wouldn’t have bothered him.....

I didn’t know him.... but he appeared in the farming independent in the last few weeks.... 30k/acre unless u won the lotto is stupid money for farmland...

Bass Reeves · 12-08-2020 10:25pm

Deleted User wrote: »

I cannot fathom,how/why stocks arent collasping.......at one stage this year 80% of worlds workforce was on lockdown

Very few businesses are making money this year,thats no fault of management etc,stocks should be falling......

deosnt make sense,id hate to have a private pension with it based in stocks though,

Stocks have fallen, some have recovered. The ISEQ is down about 15% compared to mid March at present. It was down about 40% at the height of COVID but has recovered. Insurance companies and banks are still down 50% compared to pre COVID. REITS are still down 10%.

However across the world online retailers and technology companies have taken off. Most are percieved to be the winners because of COVID.

12-08-2020 10:45pm

Deleted User wrote: »

I cannot fathom,how/why stocks arent collasping.......at one stage this year 80% of worlds workforce was on lockdown

Very few businesses are making money this year,thats no fault of management etc,stocks should be falling......

deosnt make sense,id hate to have a private pension with it based in stocks though,

Most state banks (eu central bank, fed reserve etc) are printing money and pretty much subsidising companies to buy back shares

Companies that have the money were already buying back their own shares before the pandemic to keep the share price up

12-08-2020 10:50pm

awaywithyou wrote: »

I was at a public auction of a farm Around 2007/08 .. farm was nearly 500acres in one block.... sold for 30,000/acre..... and the guy that bought it wasn’t even hesitating when it was his turn to bid.... I’d say it could ve went to 50k/acre and it wouldn’t have bothered him.....

I didn’t know him.... but he appeared in the farming independent in the last few weeks.... 30k/acre unless u won the lotto is stupid money for farmland...

If you won the lotto you should be sitting back and relaxing not buying more hardship

cute geoge · 12-08-2020 11:04pm

I think it was back in 2007 ,farm across from me 26 acres made something like over 1 millon ,and it was average type good land .Buyer never set foot in it once .At least we was able to sell it on later for a probable loss of 700k not like the 'wise men'who were advised to invest in shares .Who the fool!!

12-08-2020 11:57pm

Deleted User wrote: »

If you won the lotto you should be sitting back and relaxing not buying more hardship

You need something to keep you occupied.

I’d be quitting my day job after a few months of winning but I’d be buying a rake of land and other businesses also and running everything to keep me occupied.

Also they would be the front for why I was doing so well so no one would be thinking I’d won the lotto.

jaymla627 · 13-08-2020 10:05am

[Deleted User] wrote: »

Most state banks (eu central bank, fed reserve etc) are printing money and pretty much subsidising companies to buy back shares

Companies that have the money were already buying back their own shares before the pandemic to keep the share price up

When 2nd/3rd world countries do the above like Argentina their currency becomes worthless and they have hyper-inflation when America/China do it a eye-lid isn't batted, when the market isn't allowed to follow the basic laws of economics their comes a point where the whole house of cards will come falling down, look at the wire card fiasco in Germany two billion of assets on the balance sheet that never existed our was siphoned off, that's just the tip of the iceberg of the f**k-acting that's taking place

Mad_maxx · 13-08-2020 10:31am

It's truly bizarre that the S + P 500 is at an all time high again considering the covid 19 effect on the overall economy, I realise the likes of amazon benefited from lockdown etc but that alone doesn't explain it

krissovo · 13-08-2020 11:06am

Mad_maxx wrote: »

considering the covid 19 effect on the overall economy

Only very small areas of the economy are affected, the vast majority of business outside of travel, high street shops and local business ran relatively normal. Maybe new or growth opportunities slowed down but for most it was business as usual just done from home offices.

13-08-2020 12:57pm

Mad_maxx wrote: »

It's truly bizarre that the S + P 500 is at an all time high again considering the covid 19 effect on the overall economy, I realise the likes of amazon benefited from lockdown etc but that alone doesn't explain it

Covid at no impact or a positive impact on many business, particularly big multinationals in IT etc who are booming similar for amazon, pharma etc.

Covid is not a normal recession, a lot of high value jobs etc that would normally be impacted have not been.

bogman_bass · 13-08-2020 2:00pm

Deleted User wrote: »

If you won the lotto you should be sitting back and relaxing not buying more hardship

Maybe some of us like the misery...

Bass Reeves · 13-08-2020 2:32pm

bogman_bass wrote: »

Maybe some of us like the misery...

As the.lotto winner said to his wife when she asked what to do about the begging letters

''keep sending them''

Base price · 13-08-2020 4:18pm

Bass Reeves wrote: »

As the.lotto winner said to his wife when she asked what to do about the begging letters

''keep sending them''

:eek:

Buford T. Justice XIX · 13-08-2020 7:46pm

awaywithyou wrote: »

I was at a public auction of a farm Around 2007/08 .. farm was nearly 500acres in one block.... sold for 30,000/acre..... and the guy that bought it wasn’t even hesitating when it was his turn to bid.... I’d say it could ve went to 50k/acre and it wouldn’t have bothered him.....

I didn’t know him.... but he appeared in the farming independent in the last few weeks.... 30k/acre unless u won the lotto is stupid money for farmland...

I was in a farmyard earlier this week up to the North West of us, dairy and tillage. Big tank going in and 4 robots starting next spring. Handy sized outfarm:eek:

Cattlepen · 13-08-2020 8:16pm

greenfield21 wrote: »

Zero interest rates and further fiscal and monetary stimulus will create higher asset price inflation including land. Were living in a hugely distorted market. Ignoring large parcels who go to wealthy individuals I cant actually see what's driving land prices anymore. So much uncertainty around beef dairying and future subsidies. Lads paying over 10k for heavy hilly ground round here is pure madness in my opinion. Then another nice sum on drainage. it's not so long ago land was worthless. In saying all that I do actually think land can rise further thats if the whole system doesn't collapse.

Everything your saying is very interesting. One thing I can’t understand is the lads paying the 10k for the heavy hill ground while top class walk-in farms in the dublin commuter belt are not making much more. I’m very puzzled with this

14-08-2020 2:05pm

jaymla627 wrote: »

When 2nd/3rd world countries do the above like Argentina their currency becomes worthless and they have hyper-inflation when America/China do it a eye-lid isn't batted, when the market isn't allowed to follow the basic laws of economics their comes a point where the whole house of cards will come falling down, look at the wire card fiasco in Germany two billion of assets on the balance sheet that never existed our was siphoned off, that's just the tip of the iceberg of the f**k-acting that's taking place

And your Argentina's borrow in dollars so are really in trouble then

It is crazy the financial instruments and manoeuvres that are being used

14-08-2020 2:07pm

Gianluca Polite Smoke wrote: »

Covid at no impact or a positive impact on many business, particularly big multinationals in IT etc who are booming similar for amazon, pharma etc.

Covid is not a normal recession, a lot of high value jobs etc that would normally be impacted have not been.

High street businesses suffered big time and tourism

14-08-2020 2:08pm

bogman_bass wrote: »

Maybe some of us like the misery...

Everything in moderation

memorystick · 26-08-2020 12:50pm

Sad time for the family. Hope they get through the next few days and weeks as best as they can.

patsy_mccabe · 26-08-2020 1:37pm

memorystick wrote: »

Sad time for the family. Hope they get through the next few days and weeks as best as they can.

What?

wrangler · 26-08-2020 1:43pm

patsy_mccabe wrote: »

What?

I'm surprised this forum is up again, there was a tragic death in the family.
Deepest sympathy to all RIP

Kevhog1988 · 26-08-2020 1:53pm

Reggie. · 26-08-2020 1:54pm

Not the place for it lads

Farmer2017 · 26-08-2020 2:31pm

All mods to close this forumn definitely not should be open anymore

Buford T. Justice XIX · 26-08-2020 3:21pm

Mod note: Probably best closed alright. Sympathies to the family from all here.

Buford T. Justice

Isn’t that a lovely farm.

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